Despite recording a 5% higher revenue of RM3,565 million compared to RM3,400 million in the previous quarter, Malaysia Airlines yesterday evening announced a net loss of RM478 million for the third quarter of 2011 ended 30 September 2011. This was attributed to higher fuel costs and unrealized foreign exchange losses from outstanding USD borrowings. The cumulative year-to-date net loss for the Group stood at RM1,247 million.
However, operating loss for the quarter under review was RM156 million, a significant improvement from the preceding two quarters, 2Q 2011/RM412 million; 1Q 2011/RM312 milllion.
Pacific World brings the Art of Asian Destination Management to the world
Pacific World, the leading MICE* player in Asia, is expanding into a global business and will debut as a worldwide brand at EIBTM in Barcelona at the end of November.
TCEB launches ‘Believe in Thailand – Thailand: Destination of “CHOICES” at EIBTM 2011, Europe’s largest meetings trade show. powerful presentation in Barcelona.
Thailand is already beginning to recover from the recent floods that have impacted the country’s MICE industry. In order to ensure a strong and speedy recovery, the government is working closely with the private sector in implementing a cleanup plan, and aims to regain international confidence through TCEB’s market promotion campaign Believe in Thailand – Thailand: Destination of “CHOICES”. These measures are expected to see Thailand back on track before the third quarter of 2012.
As the flooding situation in Thailand has stabilized and flood waters are receding, the Tourism Authority of Thailand (TAT) is accelerating its efforts to ensure travellers and tour operators worldwide to understand that Thailand’s tourism sector is open for business and welcoming visitors through a recovery campaign called “Beautiful Thailand.”
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q.media (Qatar Media Services), the Middle East’s leading media agency and leading conference management company, Congrex have announced a major joint venture agreement.
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Hong Kong Outbound Market – Asia’s fourth largest source market spent more in 2010 on international tourism & the dominance of FIT
Hong Kong incurred US$17.5 billion in 2010 on international tourism expenditure, up 12% over 2009, and ranked 15th in the World and 4th in Asia after China (mainland) at US$54.9 billion, Japan at US$27.9 billion and South Korea at US$17.7 billion, according to UNWTO.
